Best Banks For Personal Loans In India 2017 Leading Banks With 10.99% Interest Rate

Best Banks For Personal Loans In India

If you want to manage or properly arrange your short term finances, then personal loan is the most preferred and superior mode. We have presented Best Banks For Personal Loans In India 2017 throughout this page. The given below are the leading banks with 10.99% interest rate that must be opted by every individual seeking the facilities for availing personal loan.

 Well, this type of loan can be utilized for multiple purposes like for medical expenses, vacations, marriage, medial etc. However; the interest rate of personal loans basically depends on the borrower profile as well as his/ her repayment history.

They are basically unsecured loan which are completely distinguished form tenable loans because they really does need any type of collateral securities including capital and liquid assets for the attainment of loans. So, it would be a wonderful opportunity with the borrower to choose any funds for any type of personal usage.

Best Banks For Personal Loans In India

  1. HDFC Bank

The best and leading banking firm , HDFC is among the topmost corporation which is highly consider by the people for availing personal loans in India. The brilliant thing is that it provides loans at extremely cutthroat rate of interest which is commonly stating from 10.99 % only. However, these are the perfect from of loan which are applied by the owner as well as salaried individuals both.

Look On! Best Personal Loans In India

  1. ICICI Bank

Next comes on the list is ICICI banking corporation which basically offers personal loans in form of three main forms including home renovation, marriage and holiday/vacations loans. This firm charged the interest rate on the minimizing balance on regular basis i.e. low as 11.29%. When it comes to its eligibility requirements, salaried as well as entrepreneur are free to apply for this loan. The documents verification and there formalities are very easy without any complications.

  1. State Bank of India

SBI comes on the next topmost position which offers multiple categories for personal loans including festival, pensioner’s loan, express credit loan and saral loan. However, the rate of interest charged by the state bank of India ranges 12.45% to 14.95%. There is no doubt that this firm is having a good network which has been spreaded across India because of which it is a perfect option for obtaining loan.

Also See! Documents Required For Home Loan In India

  1. Axis Bank

Axis bank is undoubtedly one of the best financial service providers and loan services offers in India. The personal loans offered by the bank commencing from 10.99 % and applicable to both self employed as well as paid employees. Due to its brilliant service offering, more and more people prefer this bank. Moreover, the loans offered by the firm are highly reasonable as well.

  1. Punjab National Bank 

Punjab national bank is another prominent corporation which offers loans under two main categories including pensioners’ loan and personal loan scheme. The rate of interest offered by the firm is initiating from 11.90 %. When it comes to its cutthroat competitive prices, Punjab national bank is comes on the best banks for offering personal loans in India. These forms of loans are highly preferred for central or state government, defense personnel and self employed individuals.

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Leading Banks With 10.99% Interest Rate

Bank Name

Interest RateProcessing Fee


HDFC Bank9.50% for women, 9.55% for Others0.5% or maximum 10,000+service tax (12.36%)Upto 30 years
ICICI BankUp to 5 Cr 9.50% for women, 9.55% for others0.50% of loan amount upto 1 croreUpto 30 years
State Bank of India9.50% for women, 9.55% for others0.25% -1%OR Rs.10000 whichever is higher +ST, subject to customer profileUpto 30 years
Axis Bank9.50% – 9.65%Upto 1% of the loan amount subject to minimum of Rs.10,000/-Upto 30 years
Punjab National Bank9.60%NilUpto 30 years
DHFL9.55% (upto 25lacs), then 9.65%1% for Salaried & 1.5% for SENPUpto 30 years
LIC Housing9.60%Up to 50 lacs : 10,000 +(Service tax), 50 lacs & above : 15,000 +(service tax), Zero Processing fee for WomenUpto 30 years
Corporation Bank9.65%0.50% of Loan amount (Max.Rs.50,000/-)Upto 30 years
Canara Bank9.65%0.50% (Min Rs.1500/- and Max. Rs.10,000/-)Upto 30 years
Vijaya Bank9.65%1.00%Upto 30 years

So that’s all about best banks for personal loans in India 2017. To know more information like this and interesting facts, stay connected with our web portal.

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